National Health Investors, Inc. (NYSE:NHI) Given Average Rating of "Buy" by Brokerages

National Health Investors, Inc. (NYSE:NHI - Get Free Report) has been given an average rating of "Buy" by the five brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $84.60.

A number of research analysts have recently commented on the company. Truist Financial upgraded National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 target price for the company in a research report on Wednesday, July 2nd. Wedbush upgraded National Health Investors to a "strong-buy" rating in a research report on Wednesday, July 2nd. Finally, KeyCorp upgraded National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 target price for the company in a research report on Thursday.

Hedge Funds Weigh In On National Health Investors

Institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in National Health Investors during the fourth quarter valued at about $42,322,000. Millennium Management LLC boosted its position in National Health Investors by 1,967.0% in the fourth quarter. Millennium Management LLC now owns 488,353 shares of the real estate investment trust's stock valued at $33,843,000 after buying an additional 464,727 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in National Health Investors in the fourth quarter valued at approximately $23,917,000. Marshall Wace LLP boosted its position in National Health Investors by 161.6% in the fourth quarter. Marshall Wace LLP now owns 551,585 shares of the real estate investment trust's stock valued at $38,225,000 after buying an additional 340,712 shares during the last quarter. Finally, Land & Buildings Investment Management LLC boosted its position in National Health Investors by 109.4% in the 4th quarter. Land & Buildings Investment Management LLC now owns 467,056 shares of the real estate investment trust's stock worth $32,367,000 after purchasing an additional 243,999 shares in the last quarter. Hedge funds and other institutional investors own 62.51% of the company's stock.

National Health Investors Trading Up 0.1%

National Health Investors stock opened at $70.34 on Thursday. The firm has a 50 day moving average of $72.56 and a 200 day moving average of $71.60. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 3.54 and a beta of 0.73. National Health Investors has a 12-month low of $65.13 and a 12-month high of $86.13. The company has a current ratio of 16.55, a quick ratio of 16.55 and a debt-to-equity ratio of 0.88.

National Health Investors (NYSE:NHI - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a net margin of 41.15% and a return on equity of 10.64%. The company had revenue of $68.87 million during the quarter, compared to analyst estimates of $85.13 million. During the same period in the prior year, the firm posted $1.10 EPS. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts predict that National Health Investors will post 4.41 earnings per share for the current year.

National Health Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 5.12%. National Health Investors's payout ratio is 114.29%.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc NYSE: NHI is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.

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